Kasz216 said:
Although his gross generalziation is silly... it is worth noting that until recently unemployment had been a huge problem among pretty much all socilized nations... to the point of where such high unemployment was termed "Eurostasis". The kind of unemployment Germany had in the 90's 2000's is the kind of unemployment that would of caused panic in the streets US wise. Up until about 05. German unemploynment was lucky to be below 9%. As an example http://www.newsneconomics.com/2010/07/crib-notes-for-g7-unemployment-rates.html The one exception was Denmark, who while highly socialized had some of the most liberal (As in oldschool liberal IE Rightwing) labor policy laws in the world. More so then the US even.
German Unemployment now tends to be low because there is no minium wage.
Socialism really isn't the issue when it comes to unemployment policy wise. It's labor market liberalization that matters |
Of ccourse socialism is not the only factor to consider but it can be an issue since market liberalization is determined by laws which are determined by the parlament. If you had for many years, like in Italy, left wing socialist parties and socialism-oriented labour unions going agaist labour market liberalization laws and sustaining unproductive government employees with excessive protections (to a point where getting fired is almost impossible) then, as a result, you have a very rigid labor market and very unefficient public services.
